Georgy Yordanov Ganev

Sofia University "St. Kliment Ohridski" · Faculty of Economics and Business Administration

Presented at the 27th annual conference of the Sofia University Faculty of Economics and Business Administration "Transforming Futures: Sustainability, Innovation, and Governance", Panel "Macroeconomic modeling: money and banking, inflation, and growth", 2024-11-25

Executive summary In the ten years since the end of the crisis in 2009, the economic catching-up of Bulgaria has been significantly slower than during the preceding decade. This paper indicates that a major cause for this slowdown has been the failure to reform the judiciary. The rule of law has become economically relevant in terms of both the fis...

Based on an analytical narrative, and utilizing macroeconomic and new institutional economic theory, this exposition studies the Bulgarian economy during the decades after 1989. The three decades are placed in the context of the century-and-a-half-long Bulgarian development and convergence dynamic. They are then presented in terms of clearly define...

TABLE OF CONTENTS FOREWORD.................................................................................................................................. 4 FLAT TAX: CONDITIONS, PROMOTION AND INTRODUCTION.......................................................... 5 SOME HISTORICAL MOMENTS (1989 – 2002)................................................

Резюме на български Целта на настоящото изложение е да очертае една възможна изходна рамка на анализ на стопанските ефекти на членството на България в ЕС и да предложи първоначални наблюдения, които да информират този анализ. Анализът се съсредоточава върху вътрешната динамика на българските стопански показатели в тяхната връзка с членството в ЕС,...

This report is based on analysis of legal documents regulating the activity of state-owned enterprises in Bulgaria; 21 structured interviews conducted with experts regarding the activity of state enterprises in various industries , as well as five in-depth interviews ; data from the Commercial Register; websites of the 11 enterprises included in th...

The goal of the longer look at Bulgaria's economy is to rationalize the public and academic debate about its past and present. It is a first step towards such rationalization and focuses exclusively on presenting the longest possible time series of various indicators and thus tries to introduce reference to them in future discussions, interpretatio...

Презентация, 26 април 2017

Десетте години членство на Република България в Европейския съюз е един от най- успешните периоди в българската история. Това е второ поредно десетилетие (след 1997 г.), в което страната се развива без сериозни кризи във вътрешно-политически план и в сравнително благоприятна международна среда. Със самото си членство в ЕС една бивша комунистическа...

The media environment in post-communist Bulgaria has been profoundly affected by the processes of transition from a communist society to liberal democracy, market economy, and European Union (EU) membership. After the fall of the regime in late 1989, the state-owned media went through a swift transformation of ownership and organisation, initially...

In the rapid changes brought about by the transition to liberal democracy in Bulgaria in the 1990s, media policy as such was not among the priorities of the main political and other players. Rather, the developments in this sphere were a result of a general drive for liberalization and less regulation, considered to be the proper way for the realiz...

This study presents a cost-benefit analysis of euro adoption for the case of Bulgaria. Based on a review of existing similar studies for other East European EU member states, it outlines the basic types of potential costs and benefits of euro adoption, and applies them to the specific Bulgarian economic and economic policy context. The most importa...

Most EU governments reacted to the global economic crisis with a dramatic increase in spending. Their reactions had two main goals in mind: first, to bailout failing financial systems and second, to substitute the decline in private demand with a boost in aggregate public spending. For Bulgaria, fiscal stimulus programs proved to present their own...

The report starts with an overview of the Bulgarian media landscape. Then it explores the normative framework, the regulatory bodies and the constitutional debates on media independence in the country. The goal is to place Bulgarian media policy in a political and social context and assess its relevance for democratic politics.

The paper starts from an observation about a particular breach of parking regulations in Sofia to build a hypothesis about the interplay between informal institutions, partial enforcement, and impersonal exchange. Namely, partial enforcement (meaning both incomplete and the opposite of "impartial") requires the use of social networking resources wi...

The paper provides an analytical narrative of Bulgaria's changes in regional policy-making structures in relation to the country's joining the EU. The country has undergone several important stages in its regional policy framework and structure since the beginning of its transition to market democracy. First, local self-government is exercised only...

One important way in which civil society may serve as a building stone for a functioning market economy is through a link between civic values and participation, on the one hand, and market thinking of the members of the respective society, which is related to the institutionalization of market interaction and to the functioning of the market econo...

Bulgaria is Europe’s great unknown. Among the upcoming EU members, Bulgaria is the one which in its transition has undergone the deepest economic crisis, accompanied by great political turbulence. It is the one that has seen the most dramatic economic, political and institutional turnarounds in recent years. But today Bulgaria has undergone profoun...

Marxism dominated in Bulgaria for more than forty years until 1989 and then completely vanished from the public discourse within several years. Where has it gone? The present article addresses this question by noting that even if they are out of the public discourse, remnants of the previously dominant set of ideas should still be found in people’s...

The present paper introduces country-by-country overviews of survey results from nationally representative samples from Bulgaria, Macedonia, and Serbia and Montenegro, analyzing the link between some important socio-demographic factors and various measures of social capital, as well as at looking for support of some assumptions underlying different...

Anticorruption campaigns in post-communist democracies are running out of steam. There is a silent consensus that the war on corruption has failed to obtain the expected results. “Though still in the early stages of development, the experience of anticorruption programs to date has produced mixed results …. Ambitious anticorruption campaigns in sev...

Currency Crises in Emerging Markets, prepared by Warsaw-based Center for Social and Economic Research (CASE), discusses various aspects of currency crises in emerging-market economies: The definitions and theoretical models of currency crises, the causes, management and propagation (contagion effect) of crises, their economic, social and policy con...

Development of society is important to the development of the economy. This paper uses a survey of attitudes and social norms of Bulgarians, and applies an analysis of these to the success of institutions that will help in the development of the Bulgarian economy. The analysis is based on a survey of 1200 people conducted in 2000. Personal values,...

In 1996–1997, Bulgaria experienced a sharp and severe financial crisis with both banking and currency-crash components. Section 9.1 starts with a brief overview of the crisis chronology. Section 9.2 analyzes key macroeconomic indicators, while section 9.3 deals with microeconomic phenomena. In addition, section 9.4 provides some political backgroun...

As more central banks across Central and Eastern Europe (CEE) move towards inflation control - either in the form of direct inflation targeting or indirectly through informal targets - good knowledge of transmission mechanism in the economy becomes crucial for implementing good policies. So far the volume of studies in the region devoted to this is...

This paper calculates indices of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indices for a subgroup of 68 central banks as of the end of the 1980s. The results confirm strong improvements in both economic and political CBA over the past couple of decades, although more progress is needed to boost political auton...

Credibility of an exchange rate policy is one of the most important factors contributing to success or failure of any stabilization program. Authorities usually hope that the public will trust official exchange rate commitments and take decisions regarding domestic currency holdings accordingly. However, as the experience of several countries analy...

The National Human Development Report 2000 titled “The Municipal Mosaic” analyses all 262 Bulgarian municipalities and identifies the economic, social and institutional variables, as well as attitudes prevailing on the lowest level of self-government in this country. The central theme for the report is the link between human development, governance...

The question about the inclusion of the FR of Yugoslavia in the process of economic reconstruction of Southeastern Europe after the 1999 conflict raises three issues. The first one is the essence of reconstruction, namely the recognition of the fact that its primary purpose is to create a qualitatively new business environment in the region. The se...

The paper tries to explain the poor performance of Bulgaria during its transition from plan to market by looking past the difficulties associated with concrete policies and concentrating on the deficiency of the Bulgarian society in its ability or desire to adopt the market system and its heavy requirements. Modern economies rely on complex interte...